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  1. LillianHo

    Which Alberta Energy Provider do you use?

    I am looking for an energy provider for my rental property in Edmonton. Which provider do you use and recommend? Is it better to register under landlord and have flat rate to he tenant or ask them to register an account? Thanks for the input!
  2. LillianHo

    Bare Trust Company

    Anyone had ever set up a bare trust when you purchased commercial property?
  3. LillianHo

    Bare Trust Company

    Thomas, thank you for your input. It is in BC. I will think about it.
  4. LillianHo

    Bare Trust Company

    Anyone have advice on setting up bare trust company for commercial real estate purchase? My lawyer is suggesting to have one, most benefit is when I sell the property. What's your experience and thought?
  5. LillianHo

    Need Lawyer for Mobile Home Park Closing

    Thanks Thomas, I will contact him.
  6. LillianHo

    Need Lawyer for Mobile Home Park Closing

    BC, I live in Vancouver.
  7. LillianHo

    Need Lawyer for Mobile Home Park Closing

    I have a mobile home park closing in October, and the subject has removed. I need to find a lawyer that can do mobile home park closing. Any recommendation?
  8. LillianHo

    Business Mailing Address

    Thanks for the reply.
  9. LillianHo

    Business Mailing Address

    I am setting up a company to purchase a commercial real estate. I am in Vancouver, and property is in Vancouver island. For privacy reason, I don't want to use my personal address as company's mailing address. What's the best option? Canada Post mailbox service? UPS rent a mailbox? Or register...
  10. LillianHo

    Landlord Beware! - the importance of tenancy/reference checks

    Thanks for sharing Sherilynn! Good reminder.
  11. LillianHo

    Hi Thomas, could you recommend me a lawyer that can do mobile home park purchase transaction? I...

    Hi Thomas, could you recommend me a lawyer that can do mobile home park purchase transaction? I am in Vancouver. Thanks.
  12. LillianHo

    Commercial Mortgage on Mobile Home Park

    Thanks Thomas, I am looking into it.
  13. LillianHo

    Commercial Mortgage on Mobile Home Park

    Hi Thomas, thank you for your reply. Always helpful! Which credit union do you use?
  14. LillianHo

    Commercial Mortgage on Mobile Home Park

    I would like to know some information on financing Mobile Home Park in BC. That's the major bank can offer? LTV? Rate? How about credit union and smaller financial institute? Higher LTV and higher rate? How much higher? Thomas, could you share some experience on this? Thanks.
  15. LillianHo

    Arm Length Mortgage

    I have self directed RRSP account with Olympia trust. If I do arm length mortgage with my friend who will use her property as collateral to borrow my RRSP. If we ask lawyer to finish the transaction and register the mortgage to the title, how much legal fee would be? Anybody did this in BC? Any...
  16. LillianHo

    How to report rental income when taking over someone's mortgage

    Thanks Cory, I got it. I will report rental income and expenses as regular rental property.
  17. LillianHo

    How to report rental income when taking over someone's mortgage

    Hello all the REIN experts, I am in the process closing a property with a seller. He has agreed for me to pay his equity portion and take over his mortgage. For my understanding, he will be still on the title until I take over the mortgage , and for now I will have "right to purchase" on the...
  18. LillianHo

    Do I need lawyer now?

    Thanks Thomas. Today I met borrower, and he is talking to another private lender and trying to take over my loan. I know his house has enough equity, but I just want to get it out. He doesn't want to sell now because after rezoning he will get more money. I will see how it goes.
  19. LillianHo

    Do I need lawyer now?

    Thomas, thanks. It is much larger than $50k, so I need a lawyer.
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